Happy Sunday everyone & welcome back to the Digital Newspaper #3!
This will be our first “Industry Trend” coverage & what better way to kick it off than to discuss arguably the hottest innovation meeting with blockchain… The Convergence of Blockchain & AI.
As you’ve already seen, AI has really caught the world by storm in the past year or so since the initial release of ChatGPT. The level of growth we saw was simply unprecedented.
They amassed 100 million users in about 2 months.
For a sample size, here are some other tech giants & the time it took them to hit the respective 100 million mark:
TikTok- 9 months
Instagram- 2.5 years
Dropbox- 4 years
Facebook- 4.5 years
Twitter/X- 5 years
Netflix- 10 years
Spotify- 11 years
The exponential speed and Network Effects of how fast AI is being adopted is simply something our linear thinking minds cannot comprehend.
This level of exponentially is also visible from tracking cases like the spread of COVID-19 back in 2020 when the number of cases reported would seemingly jump multiples by the day.
But with this rapid growth also comes risks as we’ve seen with the likes of deep fakes and other AI related scams.
This is where blockchain comes in to perfectly compliment both the innovations that AI will enable yet the systemic risks that AI potentially brings.
Some of the prominent projects relating to both innovating and securing our future with AI include; Bittensor, Cheqd, Render Network, Fetch.AI, Casper & more.
Now that we’ve got the introduction out of the way, let’s officially dive down the rabbit hole of perhaps the hottest industry trend we’ve seen so far!